7.8 Morning Bitcoin Market Analysis

The early morning price stalled near 64200, beginning a pullback and correction. So far, it remains narrowly oscillating around 63500, still not effectively breaking below the 63000 support zone. Ethereum, on the other hand, started to pull back from 1810, with a relatively larger amplitude compared to Bitcoin, though the previously mentioned support at 1750 below is still intact. Profit depends on the market, while guarding profits depends on mindset—greed during rallies will ultimately lead to a loss of gains.

On the 4-hour chart of Bitcoin, although the K-line is still within the upward channel, the bullish upward trend is gradually slowing down, with no clear intention to break higher. If the support of the middle Bollinger Band is effectively broken, it will likely impact the upward structure. Currently, the MACD fast and slow lines have not continued to expand, the bearish momentum has not been fully released, and the KDJ also faces a need for correction. Therefore, in the short term, the validity of the lower support still needs to be confirmed. Bitcoin's lower support is around 62500, while Ethereum's is near the 1750 area. Patience is key; no need to rush. #预测世界杯阿根廷VS埃及